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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST

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From: Jacob Snyder9/13/2011 8:27:14 PM
1 Recommendation   of 95530
 
SOX breaks up, out of month-long 325-360 channel. Since the beginning of August, SOX has been stronger than SPX (which is still stuck in the middle of its channel). If SOX gets above its 50dma (gold line, at 370), then I will probably wait to short more, till it stalls for a while, and/or gets up to the 200dma (now at 415).

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